COMMERCIAL.

Dominion, Volume 2, Issue 609, 11 September 1909, Page 8

COMMERCIAL.

, .INVESTMENT SHARES. ; Bales of OhriatchurchMeat at £10 Iflg. and •^-.WeUlngton;Woolleri;at :£2 18s,;were reported yes* ,* torday. quotationa wero unchanged. : No-, v';'■ tional Bank,. bdyors £5 :12b. 6d., sellers £5 17s. j v 6d.; .Bank. of':New Zealand, Boilers £9 6a.; Wellington Investment, buyers 11b., sollera lis. 9d,; Wellington IViist; and J Loan;-buyers £6 19a., sell-. • era, .£7 2a. 6d,; Wellington Deposit, Boilers, to, 6d.; Loan-.and llercautile, sollera : 45.; 'FeUding • • Gas, buyers £1 Os. 9d.; Gisborno Gas, seUors:£2 ;;12a.r Christchureh Meat, buyers £11,105., sellers ;- ; ';;:£10 / 12s,"6d.j Hcat;Export/third issue, sellor» '£2 :; 18s.; New "Zealand Shipping,/buyers £7j Uniom : Steam,-Kellers• £1 13s. 6d.; Wellington Woollen, = ''.'buyers £2 17s. 6d.;.Tauplri Coal, buyers 19e. 9d., sellers 2Qs". 3d.; Leylaud-O'Brien . Timber, Bellors ; >.21e.. 9d, ! ; r Taranaki: Petroleum, buyers Bs., sell- . \ ers 9s. .6d.r Shdrland's' ordinary, sellers 20s. 9d., :• sellers 21s. 3d.; : Hiraaar; Ltd., 20s. paid, sellers 15s;, preference, Beliefs' 18s. -

conditions' in amebioa.. . ; -Eeports from-'.various reliable sources/ all V point, to greatly, improved economio conditions : in tho United States, whioh must inevitably react favourably; on other parts of the globe. . ...V The immeuse > influenco that America exercisca on the industries of.'the .world was illustrated ■,v.: . two ,years ago, whon~ the .financial crisis in the - ' United States paralysed trade generally, and it is'-?to- that quarter that other -countries look ; for .the. first signs of an industrial revival; As •instancing the advance mado in this direction in America," Messrs.-Henry Olews and Co., of . ' New York, state'.that.progress is still tho order of via • industrial:.oiroles, and many manufacturing- .plants are now, running' at or • near.,.their full capacity. .The' press of ,orders .. for railroad and 'other constructional work has i ' / been so urgent - that • the. steel trado continues -s "v' particularly, active, the output of pig-iron dur- • 'ing the first. half of tho .current year having been 11,000,c00 tons, as against 6,900,000 tons dur- •: ing the.rsame poriod' in 1908. The great, textilo interests of; tne country,' too,' are in a very satisfactory .condition, whilst in other depart* . > ments >of trade and' industry tho outlook -is 1 favourable^-Production'is rapidly regaining normal : . labour: is genorally .'.wen em-' • ployed, ; and the . effect of.-cheap, money is. bo- : ; coming : more and. more l evident. Tho• basis of :'.:v ;;;this rapid recovery is the.strong financial posi-. . . of the fanners in the'-TTnited'States, owing ! . - to the: £rcat prosperity they have enjoyed for i .. sovcral years. past in consequence «f the high | • .prices tney have obtained for their/crops. • In-. , . dications point to a continuanco of this experi- ./ rence ' during' .the current-year; and as the proV v; -;Bpect of yields is . very., promising, tho railway companies.- will als» benefit. .'The wheat harvest V, ' : Is estimated to be quit©; equal to that of last yoar,. Vi 2., 663,000,000 bushels,- whilst tho corn ■' crop-Is .likely; to be' unprecedented in - magnitude, and the enormous jdeld. of-'' 3,161,000,(100 . : bushels is foreshadowed, or nearly 20 per'cent. ~ /-'/ more than that .of 1908. In ''view of' the ' lar«re yields this year: and the better prices, .llessrs. r. Clews and Co..hold it reasonable to-assume that *' ;V the value of agricultural products in the United States this season will roach fully £1,680,080,000.- • With so. much new- wealth added, to the re- ' -sources of the country, all departments of com- .• J /merco • will bopeflt.? What : has occurred, to 'the < . steer and textile trades'will happen to the cop« y -per.and. other industries .in course of time. . : ; ; from whichi Australian producers may derive . . some . comfort. ' ; ; , ,

j; 5 v i;.:' MELLIN'S' FOOD' COMPANY FOX. AUSTBALIA V': 1 . AND -NEW ZEALAND. .The-'report of 'Mellin's'. Food .Company : for • V Australia.: and New.;*2<ealand, Ltd., . for the year yj'.;: ended Ap«ril 30 last,-states that the balance of rs.!'.. ■ .' -trade: profits, . after dGduction, of advertising, general - expenses, to £2653. After i cr6diting dividends received for the year , upon investments,, also provididslforUne expenses of . management and other . charges, / and for-tho dividend.of 6,per;cent. paid on,the pieforence ■. ; L ' : shares, tho balance to the credit; of profit and • vjj,';' : loss, account is . £1053, which amount the direcv tors recommend/be Carried forward. -. ; ;: : :\NOTES. ■ .The Canadian Insurance - that at. the close of last year'thero was in force :-ViK. life insurance amounting,, to '£146,780,839, ih-883,- .' . - 020 policies. ,The increase of the preceding : year -J;, : was £6,750, about ; 5 per cent., Of the total' .j|V : 'rinsuranco in 'force,-Canadian/ companies tfre ' 1 : - Sffi^*^?' 974 ' 4s4 * : M oeainst- £39,369,773 by the ■ V-j;,* 'Tldited :Stfttes\and. £9,416,511. by British com:''<panieß;;.•' , --.3; ■.••• ■.■. "•/. . , • }■ ■ The:repore of, Elder, Smith and Co., Limited iorvthe • year: ended June 30, • shows that after H- -^??i7js', £ 2o' oco to^ reserve: fund, making it 'now the suji of £57*152 was carried'. - for--.-W, £6266 ;in excess of -last year. A- , .diTidend has been declared : for the. past- year e « ra^9^ o per.cent. on tho paid-up cap- ;• -Ij', itai,. of '.which an interim dividend of* 5 iper •%■••• v i'Cent.' was paid, in March last/, tho remaining 5 • P Qr cent.- being. payable on : September '2 next. In v Tiew -of / increasing ..business, tho directors : ' "j 'W /decided ,to call up'additional/'capital' to : the. extent; of;,£50 ( 0C0.:. ; \ : l( . return,has just' beon'- issued by 1 the Govern2n®Pt Statist showing in comparative '/form' the a,, f i:. estimated value 1 - of' Victorian products for the ended ;190fl.- During: tho period mentloned there was a- steady; InoreMo - for the first : i o rr«7ft« rs !' having expanded ■. from. £31,652,033 :.in- 1904 to; £37,274,654 ' Ixi 1907. Last V"???9i^?o W - ever /' ther Or'"drop- of £932,245, to: • '.r: v ,^0,284,409, ; owing. entirely;: to. the shrinkage in *.i'i-■:£-li 10 ' vaIuo the -dairying and .pastoral produc- . , ;'l? - 5}9. n » amounting, to ( no ' less than £3,?56,7C0., For ,::; l-;this^ a rge,decrease: the fall ;in the/wool mar- ./• Ket. was. mainly responsible, but the butter -outP a «t>; diminished: materially, 'the redaction Hi v .l : w-'/ S,® x representing & money ' lin B !? *• .during 1908 showed up * e "» - production bemg .valuod •;at £11,005,285. ' h T' Lt 81 ?/ .'£2,62J,832: over: the. previous'.year's • Manufacturing /.'.interests • -have pro-' v. i .j Sressed throughout the last five years, and from Vthe Amount of £11,673,693. was ' • • V> , Ss2i. c a ed J* the shape ' of. added'/vilue. due to ; proce33 of *nanufacture. r ' ' vr ' ' n^5SS r T> aK ' a x '" ular issued by the. United v States •Department oi. Agriculture. the< oricinal ' '' 1 v. 01,eS tho United States have been reduced cl m r - lne ' andv flro from 850 million 1 million acres, 100 million YSL pu # forests are being: cut "i* s ''^ aot : f 8 they, grow, and', while *?"}? solute ; exhaustion of the timber • Bupply' y "pched unrestricted cutting has '/ '•' that 450 million acres, if pronorlv and' guardcd; wonld produce snflßcient ft P°Pulation f muoh greater - than /at : > - : ; / is^ 9tolDa rerenuo collected, at Wellington ves.terday amounted t0.£3587 2s. Bd. •

: WELLINGTON MARKET- REPORT. ' : i: '. Zealand .Farmers' Cooperative' Dis. ■'?' 'SrS K"?' report, as follows;-.; v.; wheat,, whole fowl, 4s. ' • ' ? r , lay '.j oape seed,. 2s. ' 9d. ; : .barloy -i ; '*• .per'kushel; barley meal, > ' Jrt ' . ■ 8- J"? Mni '-oats. ■ 2'. 3d.- : ' Zs. _«1d.,. oats, eecd. sparrowbills, gartons, ' Jl 0 ? 9 -. ;; Algerian seed oats, 1 ht<J!'« v <?' , 7<l- .'»®r bushel; horse ol • * buaholj partridge peas' 4a ■"MiLte ra i! l ®M i?°i pcn3 ' s ®*4 ' :per * U8h ® 1 8"-WI f, loa.-per■ ton; straw, -wheatei. ■■06.,; oaten, £2 2a. 6d. per .ton: bran £4 10b ♦ ' tonJ®fl> SI 100> £7.s ß Vper • ««»• liasced- oil -cake, genuine,. £13 per ton* t0 fis.lP®tato? 9 :- r J. l ; aelccted. OantcrbDry Wto-DAto ' v; nefr tnn 'i 2? B#d '- £S Ms.; onions, £G 10s. . .pet. ton;. batter, .separator, 9d.„to 41d.;' nairv • Bd;.por lb„- eggs, fresh, Is.: to Is. Id ner doz V..';(f 00 £ dMiind); honey,.6o's, 33d.' to 4d.,ri4' s -4M •' ' ÜB EUS,Sd.;'walnuts" sd. t6 sjd. • i b4st A acto F, mediums,: 5Jd to 1 «w' /^ pri ii factoTr ; !idc «„ ed " rolls Jd. ' ,hams, j ;i Sk . lb.; . porkers, 70's to : 90*s, - ? sd. ■to ■ •" jto ,lCl)s 5d.; baconer6, 4ad. ito' 43d ' per lb. (very good de' ' - Si?'? ba p, 63^ .parsnips, .23. 6d.-; 'car- . rotfl, table,. 3s/ to 45.; horso carrots; 255. per ton ' . ~'.narrows; to Bs,; -pum?!' <"• 's®*»- pe si ßack » swedes,- 203,; per - ton j aooles t°'los.;,.apples, cookers, 6s. to 7s!" •- m f A -7/' ; ? a Si e t rooß H rß --' 4s; ' 6d -- cocicerols, ss. |o-M;,:.tabb ■hens,-45.:.t0 4s; 6d.; ducks.;ss. 6d .. ..v.. to 75., geese, 6s. 6d. to-7s;, all at per uair- tur. kcyvgobblersj. 9d.;;hons, Bd.' por lb. . - :

LONDON HAP.ICETB. ' • : i. duii. Company,' Limited.- renorfc ' ;; ' - fM™ n fh^ oCC i lVo j th S'-Allowing cablo.": messages r London house, under date September '-IrMoSu ? re 8 a fair: demand for & i ,? • ® it. 1 • cli } s l e s.; Beef is from l-l£d - ■ -V•«? ,'P'v. IO , WBr - J' markot for , mutton ; sr i c< r 3 for ■ pritno crossbred Can-. :• torbury. -mutton being from id. to M. higher "' v Mw?.hJ? or TO,lsland prime crossbred mutton Sl'Jsfe Jlho ; lamb • market ■- is. also ■ firmer. ' AJL e ,A p tt ao i j' :T , o ! l °P roi Canterbury •. lamb aro from Jd. to >td. higher. For North island prune crossbred lamb.any change In nricd-in in favour 1 of Boilers, ; Tallow: Since our' lint w.iro prices ■'for/, lowl and -inferior deacrlbtions i i)nHrn°ni f' - t6; 'higher;. for v other deacrii. 1: r ore change m prices, ia in favour of buy- ■' -WOOL, HIDE, ■ AND ' TALLOW' SALES ; . of bujeis. The . following, givea an indication of priced, roal In eood doilanrt rift . -VI !*"s*< ®M.crossbred dead, S}d. to 53d,: iross. bred V crutclling3, .. to 43d • Gjd.; merino aye-piecea • - :• ' ! : ' s< kS' , 5 3d.! washed plecti, si'. rabbitskiDs, B<l. - SbeopglciQa* i'irn of ... .. last .sale rates ..flood to J j a l cr oasbrcd, SIJd. to 7id"' kL') S '*tn' C 7i,l h r crossbred hoegeti' v .dead, 5d.; pelts,ljd.to 41d, ff 11 . ? 0 ' to S3d. : cross'ared damp, inf erior, 2s. lod. to 3s : Hidesv.lirm, .at last safo rates,', No prlmo heavy : , ox Ofloring. ' Heavy ox,, Cid. to 6Jd.; medium cut. 4Jd.; cow. 45d.'to fed!} cut and - ; T Blippy,;!3Jd. to 3?d.; yearlings, 5Jd. to-53d.; cut. fid.; c|ilf,- boat, 83d. to 92d.: medium, 7d. to 73d • '. -Inferior, 23d..t0 63d.; dry.hides, 3Jd.; cowtalls, la! : ' y, a Uow; In. order, 235. 9d. to 245. In' ■tins,-223. yd. *. , -v - rMess^.XpWn.and. Company;' Limited, report *.;< we- offered .75 .bale? .of wool, 20CO skins, 650 hides and . cfcUetfins. and a quantity , of tallow and norflonrtir. There was a ~ good .attendxmte of

buyers. Wooli Thoro iB no oliange to report, all wool selling freely at last salo ratCß. Wo quoto: Crossbred. flecce, sd. to Bd.; lamb, 6d. to 7d.; superior crutchings, 43d. to 5!d..\ medium crutch- • lngs» 4d. to 41d.;. inferior crutchings, 3d." to 4d.; - Igjeces and bellies, 2d. to 4d.; locks, lid, to 3d. bkina: Strong, at lajto rales. Wo quoto: Pine L crossbreds, 7d. -to 7?d.; crossbreds,. 6d; to 7Jd.j . lambskins, sid. to 6id.; dead skins, 3d. to 51d.; * '-iv? 4d, to 5Jd.; short. wools, 4d. to dry pelts. 2Jd. to 4d.; green ekins, 4s. to f 3 - Bd.; green skins, extra heavy, to 7s. sd. Tal- » low:. Firm. Parcels in shipping order, £23 155.; . tins, £18 to £22 5a.; roiigh fftt, £10 to £15. llorseuair, Is. .to Is. 2d. per lb; Horns, 6s. to 16a. per hundred. : Gowtails».ls. 3d. to 3g.,7d. per dozen. Hldos: ifarket firm, at last sale prices. Wo quoto: Ox; bides (heavy), 6Jd. to 7t1.; ox hides 1 (medium), 6d. to ox hides (light), sd. to , yd.; cow hides, 6d. to 53d.; cut and slippy hides,. 2d. to 5d.; stag hides, 2Jd. to 4id,; bull hides, 2d.jo : 4gd.; yearlings, sd. to 6}d.; calf (best), 7d. to 9id.; calf (medium), 6d. to 6id.; calf (cut and slippy), 3d. to sd. . • V' Messrs. Abraham and Williams, Limited, report on their skin sale, held yesterday as follows :~We offered a large. catalogue of wool, skins, and hiaes to a full attendfiuce of buyer*. Bidding was keou for everything offered, and a splendid sale'resulted. Wool: Pricoa wcro from par to £d. higher than last sale. Skins: AU.our skins-wero in .tip-top condition, and amply re- , pnid owners for the extra attention-given them. Our top prico was Bs. for a first-class line.. Prices siiowea a M. to id. riso, as compared with last sale. •• Hides: These showed a slightly easier tendency. Wo quote:—Wool, half bred fleece, 8?d.; bright,, clean, medium crossbred, Bd.; rough crossbred, 6d.; best'crutchings, sd. to 5Jd.; .me- 1 dium, • 4d. to 4Jd.; inferior, 33d;y bellies and 1 Sieces, 43d; Skins: Halfbred, Bjd.;' fine crossred, 6d.; medium crossbred,.7Jd.: coarse-cross-breds, 6id.; - halfwools, sad. to 6d.; dead, 5Jd.; inferior and damaged crossbred, 4d. to 4j|d.; butehers t dry, light, 4s. ;9d.: to ss. 3d. to* ss. 7d.; good woights,' 6s. Bd. to 6s.'lid.; heavy, 7s. 6d. . to 78. lOd. to 83. These skins were all in splendid condition. Hides: Heavy ox, fair condition, 63d.: medium, 6ld. to 6W.; light; sgd. to 53d.; medium, cows, s?d. to s|d.; light, part-dried, 5d.; calf, medium, 83d.; ordinary, 61a. to Bd. • Messrs. -Murray, Boberts, ana Oompany, report:—Our catalogue consisted of 30 bales wool, 34C0 sheepskins, and 9CO hides and calfskins, besides, a small offering of tallow. Prices ruling last salo were fully maintained, and we cleared all lots at auction. We quote as follow Offerings . wero • confined mostly to orutchings, which are now showing somowhat heavier, in condition, j Prices flrm, : at last salos rates. Crossbred, rough, stained, and seedy, s?d. to, 63d. per lb.; orutchings, fair cbndition, 4Jd. to sid. per lb.; crutchings, seedy and heavy,. 33d, to 4Jd. per lb. ; Sheepskins: Animated competition, and prices hardening. Halfbred, „• 7id. to oid. per lb.; fine crossbred, 7£d. to Bd. per lb.;: coarse to medium crossbred. 6Jd. to 7sd. per lb.; lambs, woolly, 6|d..to 73d. per*lb.; >lambs, short shorn, 5Jd. to 61d. per lb.; crossbreds, inferior polts, 4Jd. to <d. per lb.; crossbreds, badly damaged, ijd. to 3Jd.. por lb.; dead 4id. to sid.; green and damp , skias, medium, 33. 10d. ;to 6s. 2d. each, green and damp skins, heavily voolled. nono offering. Bides: Ox heavy, 6Jd. to 7?d. per lb.; ox medium, 6d. to 61d. per lb.; ox light, Sad.'to 6d. per .lb.; cow, heavy and medium, Sid. to 53d,.per IV; cow, light, sjd. to fijd. per lb.; damaged hides, 4d.. to 6d. per lb.; bulls. 4Jd. to-4jd. per lb.; calf, good, 9d. to 9id. por lb.; calf, fair, ! Bd. to 81a; per lb.; cialf, damaged, 4Jd. to 6Jd. per lb. Tallow, casks, per , cwt., 235. to 255.; tins, per cwt., 20s. to 235. Tho New Zealand Loan and Mercantile Agency Company, Limited, ronort ; as follow i-Our fortnightly salo held • yesterday; and we aro pleased to report an excellent salo for overy- v thing offered. Prices were firm, and thoro was a good attondanco of buyers, representing operators in all parts of the Dominion. We au«te:— Wool: Crossbred, rough, sd. U 65d.; crossbred, inferior and seedy, 4a. to 5d.; crutchings,. good, ,4Jd. to 43d.-; crutchings, iifenor and seedy, 3Jd. to 4d.;: bellies, 43d.; locks ' aad pieces, 2id. to 4d.j dead, 4d. to 5Jd. Sheepskins: Fine cross-. bred,7d.to Id.; coarse crossbred,- 6d. to 74.; lambskins, 5Jd. to 6id.';, dead asi'faulty ekias, 4d. to sid.; good pelts,' 3U. to 4id.; daraaged pelts, Hd.-to 2Jd.; green and damp skins; 3s. 6d.' to 6s. sd. Hides: ,Ox< medium. 6d. to 6Jd.; cow and .ligljt'ox, 55d. .to 52d.; yearlings,,4Jd. to.sJd«; faulty hides, 3a. to 9id.: calf, damaged, ad. to 55d. iTallow, in tins, to 225. 6d. por owt.

; BANK OP ENGLAND RETUBN. (By Telegraph.—Press Association.—Copyright.) ■(Eeo. September 10. 8.40 p.m.) London, September 9. The, Bank of England return issued for. the week ended Wednesday, September 8,.. is aa under:— . IESro DEPABTItEST. ' Note Ibsqo ... iS7,BC2KO Gov.securitics£ll,ols,CflQ ' Other tecuri- , . V- ttoi ' 7,134.000 • "Gold ... 33.6K1.00i) ■' ••• \. X 57.502.000 «7.SO2.CCp . ' BANKPIO DRriRTJIEST. Proprietors ' Govt', securl* ' \ . capital : ' £14.553.000 ties ... £n',3iQ,ooo Public do- Other securi-: : . . posits .;. ,b,05«.ooo : ties , „. 29,346,003 . . Other do- .... posits ... 47,815,000 Notes „. '27,966,003 ' l Ee&t, 7-day. ■ and other -.- . - Coin «■ I.iaO.COJ' ' 1-11.3 ...' ;'3,C!!i,CCO . . " • . JKWII.COO: .;. £74,121,000 ■ The, leadings items ptittie Bank of England turn afford. tho' following" comparison :— 1 ' . : 'Thiswook.,-Lastweek. last year '■''.V s £ ••, ~ • . ' £ ' ■ Bullion ... „. 53,553,000.'. 33.10i.00il 33,585,000 . Beserve... ■ ... 59.44G.0Cfl ... 28,029,tX» 47,61)3,000 ■ Koteoirculatioa ■, 29,33(!,C0J'. •'!20,718.000' .id.ocs.ouo ■ - Public Deposits ; 8,03 C,003;::; 8,wa,0U).: £.700.0.0 Other Doposits ; 47,818,000; , 46,472,000 45,611,ui)0 Proportion ot ' . rcscrvo to ■ ■, ■' ■. . ! ' ■ liabilities ... . : . " SMB 6J.2j : 53.63 ;■ i. GOYEENHENT SEOTJBITIES. : " ' The; following are the,latest quotations- for Government securities, with a comparison of thoso ruling'last week:—\ -j . .

... THE MONEY MARKET. The Bank'of England discount'rate is 2i per .cent.,'to which it was reduced on- April 1. Short loans are unchanged at 3 per cent. ' . Three., months' 1 bills are quoted in London J higher at 15 per cent., in Paris j lower, at 13 per cent., and in Berlin J higher at 23 per cent.

COLONIAL AND OTHER PRODUCE. 1 Wheat.—The market is quiet' and inactivo. Although sollers aro willing: to' meet buyers, the latter aro looking for- lower prlccs wher new supplies-arrive in quantity. Australian ailoat is quoted at. 41s. to 415.: 6d.; September shipment, 41s.i new crop, December-January steamer and sailer shipment, 575. 6d. Australian on spot, dull at: 435. 6d,New Zealand long-berry, 38s. to 395. 6d.; short-berry, 38a. to i9a'. 6d. The American visible supply ol wheat is 17,526,000 bushels Flour.—There is a poor demand.' Australian patents aro scarce, and are quoted in Loudon at 325.. to : 325. 6d„ in Olasgow at 325. 6d... . Oats are quiet. Gartons and sparrowbills, 255.' 6d. to 265.; lia Plata, ailoat, 145.-llljd. .Butter is firm.' Danish, 118s. to 12Us. A.few of the best stored lots of colonial are selling at 1043. to 112s. . Tho'.outlook is promising, , bugur.—Herman beet, 88 dee., lis. 10d.; -first marks granulated f.o.b. Hamburg,. 13b. . 9d. per Bradford Top.—Tho market is Arm. and unchanged. . . THE ' METAL MARKETS. • 7s. Jd. lower at £59: three lower at £59 17s. 6d.-per ton. *n n /T Spot, 20s. lower at; £136 55.; three months'. 12s. 6d. ioWer at £137 12s. 6d. per ton. ' • Lead, Is. 3d. higher at £12,135. 9d. per ton. Pig-iron, 3id. lower at 51s. lid. per ton. .Spoltor, ££& 15s. per • ton.'

GRAIN AND PRODUCE. • .. (By 1 olograph—Proas Asaoclatton.). n , . -. Chrlstchurch, September 10. Quiotneas continues to be the most noteworthy feature or tho local markets. The ideas of buyers and sellers regarding wheat valuea aro still at variance,, and buyers do not appear anxious to do , much business,'whilst sellers .are asking higher prices; than appear to .bo warranted. Quotations remain nominal. 1 As , re sn.rds oats, tho markot is, if an.vthini? weaker. Thore is eraotically no business being done; locally, and tho Home market is dull Barley is reported to be a little moro-in request,' and several fairly large . lines have changed hands during the past week for ship, ment to the United Kingdom, and consequently the local market, has hardened. Sales of maltlng barley have been effected, at from 2a. 9d to 3s. 3d. at country itations. .'.•There is. good demand for Derwent potatoes up to £3 ss.,lmt tho demand for tfp-to-Dates ia very slack. • . • LIVE STOCK SALES. M«ssr«. Dalgety'and Co., Ltd., rtjort ai fol. lowa:—At our .Waikanae sale yesterday thero waa a medium entry, of itock. ■ The. demand for sheep waa not up to owners* reserves, however but the cattle all sold at auction at tho following prides:—Pat hclfern, £4 to .'£4 76.; fat cows, at £4 10s.; fonrard springing heifers, to £5 17a. 6(1.; backward ditto, .to £2 19a. The New Zealand Loan and Mercantile Agency Company market reports for the week ending September 10 are as follow ;-At I'oiklinon. Friday a small entry of sheep, and cattle forward.- Quotations:—Mixed hoggets, to 10a. lid.; mixed yearlings, small, Zls.' to 21. 6d.; good mixed yearlings to 345,; fifteen month heifers, to 325. 6d.; eighteen-month steers, £2 135,; two-year steers, £3:10s.; store cows, 20s„ 30s„ to 50b.! springing cows, £3 10s. to £7 Mi.; springing hallors, to £4 10 a. j forward btiilocii, ja IU.

Mr. Nowton Kings weekly auction report, dated September 9, is as follows :-At Toko on Jlonday, yearling heifers mado 365. 6d.; yearling pteers, £2 6s. 6d.; 21-year do., £3 75.; store cowa, £2 3s, 6d. to £2 65.; springing heifers, £4 V; fP %V /8 ' 6d.; springing cows, £3 12s. 6d. to .Hi! ' Stratford on Tuesday there was a good yarding of catties wean* & 2s. 6d.; yearling steers, 325. * ' ?» lxcd yearlings, 225. 6d. to 30a.; I eighteen-month steers, £2 12s. 6d.; two-year'do., 1 inr fc i s .' J 'p caipt^l l c ' fors ' £2 13a. to £3; oinpty Jerse ; heifers, £3 9s. 6d.; store cows, £2 to £2 18s.; '™ D^ V 8 f, ls 4 J fat heifers, £4 10s. On Wed?r nu a J? ' I held a clearing sale of 8 * ® ,ar ke's surplus stock of Jerseys. The weather was very wot and rough in the morn- - Ithere was a large and leprcsentativo attendance of buyers, good prices being realised throughout the sale. The cold, rough weather did not tend to improve the appcuranco of the cattle, which were not looking at their best, and, but for this, higher reasonably havo been expected. Aho* highest price of the day was 40 guineas paid by .Mr. J. Wheeler, of Midhirst, for the pedigree Jorsoy heifer "Palm Leaf II.". Other pedigree Jersey cows and heifers mado from 28 S* ll i? e £ s guineas; pedigree yearling heifer, Ail cream, 21 guineas; purebred yearling heifeD rfl » .guineas: t)vo year old pedigree bull, icua, /32 guineas; pedigree yearling bulls, 6 to r » BU iP e i C3; ,«i' NVO .y° ar oW Ayrshire-Jersey heiiers, ej to 17} guineas; two year old grade Jersey hoifers, £5 to £8. ■ :

Messrs. Abraham and Williams, Limited, report on their Eketahuna Bale, held yesterday, as followsWo had a very largo yarding of £!£;•' i 0 or } tr y being greatly in excess of. advertised numbers, and we havo to report a successful sale; We quote Springing cows, £5 15s. 6d. to £6; empty cows, £22 to £2 103.; springing ro ßt l'/ £ l Ss v, to £6; springing heifers (others), £ u 16s. to £3 to £3 lis.; two and a half-year empty heifers, £2 10s., £2 14s. 6d., £3 os. 6d., £3 7s. Gd., to £4 55.: two-year steers, ~3 3s. 6d. to £3 7s. 6d.; two arid a half-year steers, £4 ss. to £4 75.; eighteon-months steers, *0 4s. fid.

Mosara. Dalgety and Co., Ltd., report having held their fortnightly pale at Eketahuna yesterday, also a private sale of dairy cows on account of Mr.: M. Kelliher on September 9. Theso cows'sold well, anything'well forward making good money. Best: cows sold to £6 155., and others from £4 upwards. The report continues: —At yesterday's sale wo did not have our advertised entry of sheep, only-one lino of hoggets coming forward, which sold, at last rates, making 10s. We had a heavy yarding of cattle, and-met with-a dragging sale. We quote:Empty cows, £2 14s. 6d.; two-year steers, £2 is. 6d.; mixed weaners, 21s.' to 315.: two and a halfyear empty heifers, £2 12s. 6d.; springing heifws £3,105. to £4 to £5 55.; dairy cows, £4 to £5 2s. 6d.; light fat cows, £4.

Messrs. Dalßoty.and Co., Ltd., reporting on thoir weekly Palmorston sale, held on Thursday, state-.—Only a small yarding of sheep and cattle! camo forward. Our principal sales wcro: Ewe hoggets, 12s. 7d.; springing heifers, £4 75., ±6 10s., to £7 for an oitra good line at the drop.

. Variations ■... ftico c ™ d • '• : fostwoek. ' )£ B.'d. ' : ' 1 2 J% Imperial Consols... ... 8317 d ! I „ N.S/WJ833Jan.-Juiy 108 0 0 fis.higlior44 „N.S.W.1916Mar-Sopfc 9J 0 0 Tfl.Cdhicbor ■ J '"& s f«^ Al ! 1 i 0 ' lt - toofflS — 10*0 0 .Unchanged 31 „ Vic. 192Wan.-July •>. ... 68 > 0 0 . ■ Unchained 0 Ja f-T"" y • - g'» uSSged 44 . bXlBlbJan.-Jaly ... moo Unclmnited' 3 „K.A.IWBJimJuly .' ' ... • M io 0 5 S lower i nl „QTiUOI5-21 Jan.July ... .<« 0 0 . Slow" Si ... 67 10 . 0' 6s. lower It ,01'alW2-i7Jan.Jaly •' ... SB 10 0 SaJH-liigber •" 1[ ! 7 ° ! 0 unohanced •al i.N.Z.UlOJau.July. . ... 89.10.0- . Unclianeod „ Is.Z. 1M5 Aprii-Oct. • ... £G 10 0 2s. (»cl. hishor 3 ' ••• 'Unchanged iu "rfi' i'Sv? sil T? ,bv ••• '• w Undwnsed 'J* " ... 100 , 0 0 Unchanged - -^ as * Jaa.-July ... 87.0.0 Unchanged